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Telangana Government has launched TS Wallet App for future cashless transaction payments using smartphones. This was the call taken by our PM Narendra Modi’s cabinet to rollout a roadmap for cashless payments, which is one of the government’s key agendas after the demonetisation exercise to make cashless economy or cashless society.

Prime Minister Narendra Modi requests country to get into a cashless society after the demonetization of 500/- and 1,000/- and this is the first biggest financial event in the history of India. The change has been accepted by many of the people but has also received some serious criticism from senior citizens.

Currently, GDP ratio of India is an indication of amount been used which is around 12% to 13%. With cashless transactions in future, there is some lack of infrastructure which is bringing back the move towards achieving the goal of going digital. So, lets go digital.. lets go cashless!

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What is E Wallet?

E-Wallet - a term which is often used more by tech people which allows to save multiple credit cards, bank account numbers in a safe and secure environment. This process eliminates the need of entering account details each and every time when making the payment. You just need to register and create E-Wallet profiles, so that you can make payments much faster and with less texting.